Global Medical Waste Management
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The market size was valued at US$9.70 billion in 2021 and will be US$15.28 billion by 2030 with a CAGR of 6.2% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Medical Waste Management Market Sales Revenue 2020 | $ 7183.04 Billion |
Global Medical Waste Management Market Sales Revenue 2021 | $ 9.7 Billion |
Global Medical Waste Management Market Sales Revenue 2029 | $ 15.28 Billion |
Global Medical Waste Management Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Market Split by Type |
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Market Split by Services |
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Market Split by Treatment Services |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Medical Waste Management industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Medical Waste Management Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical waste management is the result of surgical, treatment and medical procedures that are executive in hospitals. Infectious and non-infectious waste, such as used medical supplies, contaminated objects, and biological waste, are all considered to be a part of biomedical waste. To stop the spread of infections, safeguard the environment, and safeguard the public's health, biomedical waste management must be done properly. For the safe handling, storage, transportation, and disposal of biomedical waste, healthcare facilities must have the appropriate waste management protocols in place. Segregation is the initial step in the management of biomedical waste. Sharps, pathological, chemical, and general garbage all need to be separated and classified as separate categories of waste. Each category has a unique manner of disposal and needs to be handled and stored correctly.
Increasing medical waste is anticipated for the growth of the medical waste market. Most of the hospital waste is due to the geriatric population. Chronic diseases such as diabetes, hypertension etc which usually occur in the geriatric population. This driver is expected to increase the growth of the medical waste management market.
The demand for effective waste management and services has expanded along with the volume of medical waste output that is rapidly rising globally. Many governments have also given local governing bodies money and help in order to establish stringent rules for the proper handling of medical waste. For instance, Chandigarh, an Indian city, won the rankings for managing biomedical waste in its city in 2016, according to news that was reported in The Times of India on January 21, 2021. This was made possible by the efforts of the local government, who strictly adhered to the guidelines established for the disposal of medical waste. Future waste management market growth is anticipated to be fuelled by these factors.
The growth of the medical devices market share is expected to be somewhat hampered in the coming years by several factors such as lack of knowledge about the detrimental effects of biomedical waste accumulation in the environment. Waste from medical facilities such as hospitals and clinics is also dangerous and can spread the infection into the environment. Therefore, the lack of people's knowledge of biomedical waste disposal is likely to hinder the market growth in the coming years. Also, setting up a waste disposal company is expensive, and services such as autoclaving are expensive. Such factors are expected to further hamper the growth of the medical waste disposal market.
Since burning is the most popular and widely utilised technique of getting rid of medical waste, even if it is not environmentally safe because it causes global warming, it is projected that this market sector would account for a sizable portion of the overall market. In the upcoming years, convenience and fewer capital expenditures are projected to have a positive impact on this segment's growth. In the midst of the pandemic, a number of hospitals and healthcare facilities viewed cremation as one of the greatest solutions for disposing of medical waste since it significantly slowed the spread of the virus. The market sector is therefore anticipated to develop throughout the course of the projected period as a result of the aforementioned factors.
The COVID-19 pandemic has revolutionized the healthcare industry in many ways, and this trend is influencing trends around the world. As infectious diseases spread across the globe, the utilization of healthcare infrastructure increased significantly and this massive influx posed significant challenges to hospital waste management. Governments and medical institutions around the world are struggling to keep up with this growing amount of waste, and demand for genotoxic, pharmaceutical and infectious waste disposal will increase in 2020. The medical waste disposal market is expected to witness significant growth in the post-pandemic era as governments around the world introduce increasingly stringent waste management regulations and focus on environmental protection. Medical sterilization is a key trend during the pandemic, and growing awareness of hospital-acquired infections (HAIs) is expected to increase the demand for medical sterilization post-pandemic.
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This has provided higher selling opportunities and additional acquisitions. This strategy encourages to increase the company market position.
In order to address the unprecedented rise in infectious health care waste brought on by the COVID-19 pandemic, the Government of Japan and the United Nations Development Programme (UNDP) introduced a new project in August 2022. This project will assist the national health organisations and other important stakeholders in Bangladesh, Bhutan, and the Maldives.
In March 2022, a new business named MediWaste was launched to handle Bermuda's biohazardous waste. MediWaste is responsible for transporting, treating, and disposing of medical waste through two incinerators specifically designed for the purpose.
Top Companies Market Share in Medical Waste Management Industry: (In no particular order of Rank)
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Asia Pacific is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period. Asia-Pacific is expected to experience the highest growth rate during the period due to increased social awareness and implementation of stringent policies against legal debris and side effects removal during the period. The country segment of the medical waste disposal market report further includes individual markets impacting local market variables and policy changes that influence current and future market patterns. The presence and accessibility of global brands, their impact on the level of competition between neighbouring and domestic brands, and the impact of domestic taxes and shipping routes are also considered while undertaking domestic information estimation studies.
The current report Scope analyzes Medical Waste Management Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Medical Waste Management Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Waste Management Industry growth. Medical Waste Management market has been segmented with the help of its Type, Services Treatment Services, and others. Medical Waste Management market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the type, the waste management market is further divided into non-hazardous waste and hazardous waste. The non-hazardous waste category is leading the market and the trend is expected to continue throughout the forecast period as the number of hospitals and clinics increases and the demand for healthcare supplies to treat diseases increases.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Waste Management Industry. Request a Free Sample PDF!
Based on services, the waste management market is subdivided into collection, transportation, treatment and disposal and recycling services. The treatment and disposal services category is the market leader and is expected to maintain this trend during the forecast period due to increased demand for incinerators, an increased incidence of chronic diseases, and improved technology for treating medical waste.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Medical Waste Management market report 2024 Edition by contacting our team.
Based on treatment site waste management market is subdivided into offsite and onsite. Off-site disposal currently has a dominant position in the market and is anticipated to maintain this position during the forecast period as a result of growing rates of chronic diseases, improved efforts to advance medical research and the development of innovative waste management technologies.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Medical Waste Management Market is witnessing significant growth in the near future.
In 2023, the Non–hazardous waste segment accounted for noticeable share of global Medical Waste Management Market and is projected to experience significant growth in the near future.
The Collection segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Veolia , Stericycle and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Non–hazardous waste, Hazardous waste |
Services | Collection, Transportation, Treatment & disposal services, Recycling services |
Treatment Services | Onsite, Offsite |
List of Competitors | Veolia, Bondtech corporation, Stericycle, republic services, waste management, Medasend Biomedical, MedPro waste disposal, Biomedical waste solution, Sanpro waste |
This chapter will help you gain GLOBAL Market Analysis of Medical Waste Management. Further deep in this chapter, you will be able to review Global Medical Waste Management Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Medical Waste Management Market Trends North America Medical Waste Management Technological Road Map North America Medical Waste Management Market Drivers North America Medical Waste Management Market Restraints North America Medical Waste Management Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Services Analysis 2019 -2031
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Chapter 12 Market Split by Treatment Services Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Waste Management market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Non–hazardous waste have a significant impact on Medical Waste Management market? |
What are the key factors affecting the Non–hazardous waste and Hazardous waste of Medical Waste Management Market? |
What is the CAGR/Growth Rate of Collection during the forecast period? |
By type, which segment accounted for largest share of the global Medical Waste Management Market? |
Which region is expected to dominate the global Medical Waste Management Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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